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year bond already oversubscribed
Athens Published in Saudi Press Agency on 04 - 03 - 2010

Public Debt agency chief said that a new 10-year bond was already oversubscribed within an hour of the book opening, with ¤7 billion ($9.5 billion) in offers received, according to AP.
The government was seeking a maximum of ¤5 billion ($6.8 billion).
The sale will be watched closely by financial markets to gauge the depth of Greece's debt crisis. The announcement of the issue comes a day after debt-ridden Greece detailed a whole new round of austerity measures, including salary cuts for civil servants, pension freezes and tax hikes on luxury goods and gems.
The PDMA named Barclays Capital, HSBC, National Bank of Greece, Nomura and Piraeus Bank as lead managers for the bond issue.
-- SPA

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